CBiGroup, a fintech group based in the U.S., announced it has secured $15 million in Series A funding. Alpol Capital Family Office, known for its investments in new technologies, led the funding round.
CBiGroup founder Jiangtao Sun revealed that the company will use the funds to boost research and development, invest in new technologies to enhance products, and drive innovation. The company aims to explore cutting-edge technologies and utilize advanced AI to deliver high-quality, innovative cross-border payment and international financial solutions.
Launched in 2017, CBiGroup provides comprehensive global financial services for businesses engaged in international trade. The company offers corporate banking, global transfers, Visa, and UnionPay cards and supports clients’ transactions across 163 countries and regions. Through partnerships with over 120 banks and financial institutions, CBiGroup has built a reliable global clearing network, addressing various payment and asset allocation needs for over 100,000 international businesses and users.
The rise of e-commerce platforms enables global sales and substantially increases the demand for efficient cross-border payment mechanisms. Additionally, the growing migrant population has driven the need for remittance services.
Jiangtao Sun (an alumnus of Tsinghua University) is a serial entrepreneur in fintech. And he took Shenzhou Pay public in Hong Kong in 2013 as China Binary New Fintech Group. He also founded Qian Dai Bao in 2008, which received strategic investments in 2014 and was fully acquired by Meituan in 2016.
In 2016, Sun had identified the unmet need for cross-border and international settlement services among trade businesses, especially SMEs. And he founded CBiGroup in 2017, leading the team to secure multiple financial licenses and develop the CBiLink banking system. They built strong security, compliance, and risk management teams to support their international and cross-border financial services.
KEY QUOTES:
“We believe in CBiGroup’s leading position and growth potential in the industry. This investment will help CBiGroup achieve significant breakthroughs in fintech.”
– Daniel Morra, CIO of Alpol Capital Family Office
”We are grateful for the trust and support from our investors. This investment recognizes our achievements and motivates our future growth. CBiGroup will continue to focus on innovation and user experience, leveraging advanced AI to provide high-quality, innovative cross-border payment and international financial solutions.”
– Jiangtao Sun, founder of CBiGroup
